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IndusInd Bank CEO resigns taking blame for accounting irregularities after RBI flags lapses, says 'I undertake moral..'

DNA Tuesday, 29 April 2025
IndusInd Bank CEO Sumant Kathpalia and Deputy CEO Arun Khurana resigned after an internal derivatives accounting lapse, prompting RBI intervention and raising concerns over governance.
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RBI to SC: Have issued norms to monitor use of loan money by realtors

 Amidst CBI probes into banks' collusion with builders over subvention schemes, the RBI defends its role, citing issued guidelines to monitor loan usage and..
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Good news for borrowers as RBI cuts repo rate by 50 bps to 5.5%, stance changed to 'Neutral' from...

 The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), on Friday, cut the Repo rate by 50 bps, to 5.50%. RBI governor Sanjay Malhotra made the..
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Bank Holidays 2025: Will banks remain closed on 6, 7th June? Here's all you need to know

 Eid-ul-Adha 2025 or Bakrid, is expected to be celebrated on June 7, 2025 and will be observed as a public holiday in schools, colleges and government offices. On..
DNA

Finance ministry, RBI & NPCI tighten digital fraud safeguards

 The Union finance ministry, RBI, and NPCI have implemented measures to protect digital financial transactions and combat fraud. I4C was established in 2020 to..
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